Cryptocurrency and Bitcoins have been leading investments in this era, and none is left to stay stunned hearing the profits of millionaires in a short period, and the market hype it has is real. So if you are also willing to invest in crypto and trading with small or big initial investments, then you have turned out to be on the right platform. And in case you are a Canadian and planning to invest your Canadian dollars in digital currency in crypto, this is the right time. So here, to acknowledge yourself in Bitcoin investments, you must decide a few things priorly and have a good strategy.
So then, firstly, decide how much you want to invest in bitcoin and how much you are willing to buy. Secondly, here it goes on which platform you want to buy. And then choose a platform for bitcoin trading and investment and a Canadian dollars exchange platform that offers good value and does not have a huge exchange fee. And that’s it, you are ready with your target for the shoot of investment and now just exchange, trade, and buy, and that’s it you have done with your investment.
Apart from these major portions, you also need to be careful with some minor points before investing as a beginner. You need to explore the best websites that offer exchange and trading platforms for Bitcoins in Canada. Also, the popularity and legalities of Bitcoin in Canada offer Bitcoin ATM’s which is also a good option.
The need for exchange platforms is to convert Canadian dollars into US dollars, and this generally needs to be done because most trading platforms are from the US and deal in US $. We can use CoinSquare, Coinsmart, CEX.io, Coinmama, coin base, Coinberry, Binance for the Canadian dollars exchange platform, and that’s how buying bitcoins becomes easy in a nutshell. But before that, also inspect the exchange fees as in places it’s quite high.
The https://bitcoin-buyer.io/ is a legit, user-friendly app with blockchain software introduced that helps keep all our transactions safe and secure.
The best apps that give a super smooth investment experience
Newton
Newton is a great app offering easy fund transfer and buy and trading as it directly takes and converts the currencies and gives a smooth trading experience to invest in crypto. And newton offers 10 different wide varieties of cryptocurrency investments like Bitcoin, Ethereum, ripple, lite coin, QCAD, and many more. Newton has easy access to transfer your coins into a hardware wallet like a ledger to keep them safe from hackers.
Shakepay
Shakepay is also a great app for trading and has a good user interface and smooth conversion for easy trade. Shakepay offers only two cryptocurrency investments that are Bitcoin and Ethereum. Whereas Shakepay also has a fun feature daily, it’s just about opening the app and shaking your phone to earn some satoshis, i.e., the smallest denominations of cryptocurrencies. By this, of course, you won’t make a ton but still will add a little daily to make a good visible amount.
Let’s take a quick tour of the list of Canadian banks that allows Crypto buying options,
- Canadian Imperial Bank of Commerce (CIBC)
- Bank of Nova Scotia (Scotia Bank)
- Royal Bank of Canada (RBC)
- Bank of Montreal (BMO)
But the Toronto-Dominion Bank (TD Bank) has ceased the cryptocurrency purchase using its credit cards for the safety and security of banks and customers in the regular evaluation of their policies.
Investing in bitcoins is also legal in Canada as the government allows its usage for shopping and purchase of goods and services with it is all allowed now on the stores or retailers that accept them.
Happy Investing !!
Read also:
- 4 Best Crypto Tools That Help Investors
- Understanding Bitcoin Dominance
- 4 Risk-Management Methods for Reducing the Inherent Crypto Risk
- How Has Bitcoin Managed To Provide Profits To Various Sectors?
- Your Guide To The Cryptocurrency World!
- How to Keep Your Crypto Asset Safe
- How to Mine Bitcoin Using Your Smartphone